RBI reduces repo rate by 50 basis points to 6.75

Reserve bank of India reduces repo rate by 50 basis points on 29 September 2015 from 7.25 percent to 6.75 percent.RBI notification is as follows.

As announced by the Governor today, it has been decided to reduce the Repo rate under the Liquidity Adjustment Facility (LAF) by 50 basis points from 7.25 per cent to 6.75 per cent with immediate effect.

Consequent to the change in the Repo rate, the Reverse Repo rate under the LAF will stand adjusted to 5.75 per cent with immediate effect.
All other terms and conditions of the current LAF Scheme will remain unchanged.
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